Equinor ASA – Digital Transformation Strategies
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Equinor Digital Transformation Strategies Report Overview
Equinor ASA (Equinor) has been focusing on using artificial intelligence, cloud, big data, and Internet of Things (IoT) to digitally transform its operations. The annual ICT spending of Equinor was estimated at $1.1 billion for 2023. A major share of this spending is earmarked for acquiring software, network & communications, and hardware from vendors. Equinor, formerly Statoil ASA, is an energy company. It focuses mainly on the exploration, development and production of crude oil and natural gas on the Norwegian Continental Shelf (NCS). The company also has operations in several of the important oil and gas provinces in the world. Equinor operates refineries, processing plants, storage and terminals, and has interests in various oil and gas pipelines. The company markets, trades, and transports crude oil, condensate, natural gas, natural gas liquids, and refined products.
Total ICT Spending 2023 | $1.1 billion |
ICT Spend by Function | Data center, Communications, Network, Application, End-User computing, Management, and Service desk |
ICT Spend by Channel | Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators |
External ICT Spend by Segment | Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others |
Technology Theme Focus | Artificial intelligence, cloud, big data, IoT, and augmented & virtual reality |
The Equinor Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, accelerators, incubators, & other innovation programs, technology partnerships, technology introductions, venture arm, investments, and ICT spending among others.
Digital Transformation Strategies
Equinor gathers huge volumes of real-time operational data generated through sensors installed in its oil wells, and other connected machine-to-machine data. Equinor uses data analytics and machine learning to analyze operational, subsurface, and supplier data to derive critical insights that can help it improve its operations, tap new opportunities, and make better decisions.
To gain more insights on digital transformation strategies and initiatives of Equinor, download a free report sample.
Equinor Technology Theme Focus
Equinor is utilizing a number of emerging technologies including artificial intelligence, cloud, big data, IoT, and augmented & virtual reality among others to improve productivity, operational efficiency, and reducing downtime.
Equinor Technology Focus
To know about other technology themes under focus for the company, download a free report sample
Equinor Technology Initiatives
Equinor has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology investments over the last few years. For instance, in 2020, the company selected TCS as a strategic partner to accelerate its digitalization journey in becoming a digital energy company. Under this partnership TCS will leverage its expertise and scale in digital technologies, to achieve data democratization across Equinor’s core operations and harness the power of machine learning and advanced analytics to help Equinor achieve its growth and transformation objectives.
For more insights on other technology initiatives of Equinor, download a free report sample
Equinor ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
Equinor ICT Spend by Function, 2023(%)
For more insights on ICT spending by function, download a free report sample
Equinor ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Equinor ICT Spend by Channel, 2023(%)
For more insights on ICT spending by channel, download a free report sample
Equinor External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud IaaS)
- ICT services
- Consulting
- Network and communications
- Others
Equinor External ICT Spend by Segment, 2023(%)
For more insights on external ICT spending by segment, download a free report sample
Scope
- Gain insights into Equinor’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships.
Reasons to Buy
• Gain insights into Equinor’s tech operations.
• Gain insights into its tech strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into various product launches, partnerships and acquisition strategies.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Equinor in 2023?
The annual ICT spending of Equinor was estimated at $1.1 billion for 2023.
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Which was the leading ICT spending category by function for Equinor?
Network was the leading ICT spending category by function for Equinor in 2023.
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Which was the leading ICT spending category by channel for Equinor?
Internal development and maintenance was the leading ICT spending category by channel for Equinor in 2023.
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Which was the leading ICT spending category by segment for Equinor?
Software (including cloud SaaS) was the leading ICT spending category by segment for Equinor in 2023.
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What are the key technology themes in focus for Equinor?
The key technological theme in focus for Equinor are cloud, big data, IoT, and augmented & virtual reality.
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